Malaysia and Singapore Launch Ambitious Cross-Border Economic Zone
The Johor-Singapore SEZ aims to create jobs, attract global investment, and deepen economic ties between the two nations.
- The Johor-Singapore Special Economic Zone (JS-SEZ), spanning 3,571 sq km, is designed to boost economic collaboration and create 20,000 skilled jobs within five years.
- Key incentives include a 5% corporate tax rate for high-value industries and a 15% income tax rate for knowledge workers, alongside streamlined business approvals.
- Proposals for the zone include passport-free immigration clearance, renewable energy cooperation, and improved cross-border connectivity through road and rail projects.
- Concerns remain over infrastructure readiness, regulatory clarity, and potential regional inequalities, with calls for transparent progress reviews and balanced development strategies.
- Leaders from both nations emphasize the SEZ’s potential to strengthen ties and attract foreign direct investment, with a focus on long-term mutual benefits.